Last hurrah for final salary pension schemes

Employers are moving to close their final salary pension schemes in advance of government plans to raise National Insurance costs.

Australia does not annually uprate British state pensions

Questions of Cash: Dispute over arrangements Down Under for UK pensions

Q  In reply to a letter [Questions of Cash, 16 March] you said that the countries where annual inflation-based pension increases apply includes Australia.  I understood that the pension increase does not apply to UK pensioners in Australia, Canada, South Africa and New Zealand.  What is the correct position?   SG, by email.

Julian Knight: Skewing Bank's Funding for Lending will not help business

David Cameron has poured cold water on calls to slash business taxes. That's a great shame as a cut in business taxes in this week's Budget could provide a huge fillip to the economy right now.

Pension scheme closes at Wolseley

Wolseley has became the latest company to close its final-salary pension scheme to existing members.

Buck the trend and plan carefully for retirement

Once the envy of the world, the UK's pension system is a shambles, with the average Briton saving only enough for seven years of retirement. How can you redress the balance, asks Esther Shaw

L&G glitch hits 12,000 pension payouts

Some 12,000 pensioners were left without annuity payouts after a blunder by insurance giant Legal & General.

Pension industry gives a boost to infrastructure

The Government's widely questioned push to kickstart the economy though luring pension funds to cough up the cash to build new roads, waste facilities and prisons received a welcome boost today.

Annuities: Make it all add up in retirement

Regulators' scrutiny of annuities is a warning to plan carefully for old age. Julian Knight reports

Annuity inquiry must lead to fairer pensions

An investigation into retirement income payouts could save pensioners £1bn a year.

Pensioners' fuel allowance, free TV licence and bus passes at risk as Downing Street admits pledge to protect them only applies until 2015

New doubts were raised today about the future of pensioners' benefits, after Downing Street made clear that the Prime Minister's pledge to protect them applies only until the 2015 general election.

FSA to investigate pensions annuity market amid fears

Watchdog acts as pensioners lose out on thousands in income each year

Simon Read: Last act not yet over for gold-plated pensions

Gold-plated final-salary pension schemes have been in terminal decline for more than a decade. The Coalition's policy of trying to shore up the economy by pumping more and more money into it has simply hastened the crisis and persuaded more pension trustees to panic and shut attractive schemes.

The deterioration of workplace schemes will affect millions of pensioners

Julian Knight: Barnardo's pension plan closure will not be the last

The charity's decision to end a career average pension scheme, just a few years after ditching final salary, is a warning to us all

The new regime will only really help those who help themselves in the years before they retire

Planning for retirement just got much easier

A simplified, flat-rate state pension should help you prepare, but what steps should you take now, asks Chiara Cavaglieri

Pensions infrastructure fund builds up past the £1bn mark

The pension industry has raised more than £1bn for its fund to invest in Britain's infrastructure, a key plank of the Government's economic growth strategy.

Money
One reader complained that he would be better off if he kept his money by his bed
advice
Money
'The Lego Movie' has been one of the box office hits of 2014
deals
Money
Sir Michael Parkinson, and other well-known people, should think twice before fronting ads for financial products
comment
Money
BA travel rewards are taxiing down the runway
deals
Money
TSB boss Paul Pester wants to take on the high street giants and 'help create thriving local communities all across Britain'
comment
Money
Sony is hoping to attract fans of Wimbledon with its offer
deals
Money
Look before you leap: a travel policy may not pay out if the customer 'hasn’t been very careful' in terms of, say, adventure or alcohol
advice
Money
Nearly time for kick off: Young Brazil fans playing football on the outskirts of Sao Paulo
advice
Money
Advance bookings direct with rail companies offers huge savings
deals
Money
Chuka Umunna, the shadow, Business Secretary, is backing constituency members who are in dispute with a landlord Charlie Forgham-Bailey
comment
Money
As travel takes off for the World Cup, some airport car parking spots are on offer at reduced rates
deals
Money
The estate of the nation: the 0 per cent deal from Leeds has been launched with Barratt
advice
Money
Could it be magic? From left, Howard Donald, Gary Barlow and Mark Owen made their tax bills disappear. But, it is argued, we all avoid tax
comment
Money
What a racquet: David Lloyd is offering free coaching
deals
Money
The building society says there is a 'fundamental link' between performance and pay. But the link is looking very stretched
comment
Money
A retired couple who had been taking holidays in Florida for 30 years suddenly found that the cost of cover had soared
news
Money
Campaigners protest in March against the Justice Secretary Chris Grayling and the erosion in legal aid
comment
Money
The right to control retirement savings has hit insurance firms

Do you think you’re ready for retirement? If you are, you’re in a minority.

Money
Signature approach: Sir Stelios Haji-Ioannou is applying his business model to online property transactions and opening another front against traditional estate agents
property
Money
Banking on social networks: Facebook is entering a market that is said by consumer groups to be long overdue for a shake-up
comment
Financial products from our partners
Property search
On Google+
The Independent
 
Independent
Google+
i Newspaper
 
TheIPaper
The Independent around the web
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Property search
iJobs Job Widget
iJobs Money & Business

JQuery Developer (JQuery, C#, front-end, JQuery, UI, Tomcat)

£40000 - £45000 per annum: Harrington Starr: A Global Financial Service Organ...

Linux Systems Administrator - UNIX, Linux, Shell, Bash

£50000 - £60000 per annum: Harrington Starr: Linux Systems Administrator - UNI...

UNIX Systems Administrator - Oracle DBA, UNIX, Scripting

£40000 - £45000 per annum: Harrington Starr: UNIX Systems Administrator - Orac...

Linux Systems Administrator - (Support, Linux, UNIX)

£40000 - £55000 per annum: Harrington Starr: Linux Systems Administrator - (Su...

ES Rentals

    Day In a Page

    Independent Travel Shop See all offers »
    India and Nepal
    14 nights from £2,159pp Find out more
    Dutch Masters
    five nights from £679pp Find out more
    La Robla and Rioja
    nine nights from £1599pp Find out more
    Classical Spain
    six nights from £539pp Find out more
    California and the Golden West
    14 nights from £1,599pp Find out more
    Bruges
    three nights from £269pp Find out more
    The true Gaza back-story that the Israelis aren’t telling this week

    The true Gaza back-story that the Israelis aren’t telling this week

    A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
    A History of the First World War in 100 Moments: The German people demand an end to the fighting

    A History of the First World War in 100 Moments

    The German people demand an end to the fighting
    New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

    New play reveals what Oscar Wilde said at trials

    For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
    Can scientists save the world's sea life from

    Can scientists save our sea life?

    By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
    Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

    Richard III review

    Martin Freeman’s psychotic monarch is big on mockery but wanting in malice
    Hollywood targets Asian audiences as US films enjoy record-breaking run at Chinese box office

    Hollywood targets Asian audiences

    The world's second biggest movie market is fast becoming the Hollywood studios' most crucial
    Grindr founder Joel Simkhai: 'I've found love on my dating app - and my mum keeps trying to hook me up!'

    Grindr founder Joel Simkhai: 'I've found love on my dating app'

    Five years on from its launch and Grindr is the world's most popular dating app for gay men. Its founder Joel Simkhai answers his critics, describes his isolation as a child
    Autocorrect has its uses but it can go rogue with embarrassing results - so is it time to ditch it?

    Is it time to ditch autocorrect?

    Matthew J X Malady persuaded friends to message manually instead, but failed to factor in fat fingers and drunk texting
    10 best girls' summer dresses

    Frock chick: 10 best girls' summer dresses

    Get them ready for the holidays with these cool and pretty options 
    Westminster’s dark secret: Adultery, homosexuality, sadomasochism and abuse of children were all seemingly lumped together

    Westminster’s dark secret

    Adultery, homosexuality, sadomasochism and abuse of children were all seemingly lumped together
    A History of the First World War in 100 Moments: Dulce et decorum est - a life cut short for a poet whose work achieved immortality

    A History of the First World War in 100 Moments

    Dulce et decorum est: a life cut short for a poet whose work achieved immortality
    Google tells popular music website to censor album cover art in 'sexually explicit content' ban

    Naked censorship?

    The strange case of Google, the music website and the nudity take-down requests
    Howzat! 8 best cricket bats

    Howzat! 8 best cricket bats

    As England take on India at Trent Bridge, here is our pick of the high-performing bats to help you up your run-count this summer 
    Brazil vs Germany World Cup 2014 comment: David Luiz falls from leader figure to symbol of national humiliation

    David Luiz falls from leader figure to symbol of national humiliation

    Captain appears to give up as shocking 7-1 World Cup semi-final defeat threatens ramifications in Brazil